Filing Flows › Cullen/Frost Bankers (CFR) › Q3 2026 › vs Q2 2026
Cullen/Frost Bankers (CFR) Q3 2026 vs Q2 2026 (quarter over quarter)
Cullen/Frost Bankers's revenue rose $27.8M (+5%) from $576M in Q2 2026 to $604M in Q3 2026. Operating margin 35.5% against 35.5% (+0.0 pts).
Cullen/Frost Bankers, Q3 2026: revenue $604M (+6% year over year), operating margin 35.5%, net earnings $180M, operating cash flow $293M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 35.5% | 35.5% | +0.0 pts |
| Net margin | 29.8% | 29.9% | -0.0 pts |
| Free cash flow margin | 41.2% | -1.2% | +42.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $604M | $576M | $27.8M | +5% |
| Operating profit | $215M | $205M | $10.0M | +5% |
| Costs & expenses | $389M | $371M | $17.8M | +5% |
| Pre-tax earnings | $215M | $205M | $10.0M | +5% |
| Net earnings | $180M | $172M | $8.2M | +5% |
| Income tax | $34.3M | $32.5M | $1.8M | +6% |
| Depreciation & amortization | $22.8M | $22.4M | $393K | +2% |
| Share-based compensation | $5.6M | $5.4M | $219K | +4% |
| Working capital & other | $84.0M | −$147M | $231M | — |
| Operating cash flow | $293M | $52.9M | $240M | +453% |
| Free cash flow (OCF − capex) | $249M | −$7.1M | $256M | — |
| Capital expenditures | $44.0M | $60.1M | −$16.1M | -27% |
Questions
How much did Cullen/Frost Bankers's revenue grow quarter over quarter in Q3 2026?
Cullen/Frost Bankers's revenue rose $27.8M (+5%) from $576M in Q2 2026 to $604M in Q3 2026. Operating margin 35.5% against 35.5% (+0.0 pts).